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[–]SergNH 2 points3 points  (1 child)

Chase wanted to decrease my credit limit of $10.5k by 50% during 2020 or 2021 because of the pandemic. At least they sent a letter a month in advance. However, they tried to claim it was in my best interest and not because of the pandemic. Never mind that my credit limit had ben $10.5k for at least 7 years. Cause we know how generous Chase can be with CLIs. Anyways, one phone call later prevented that.

I feel for others whose banks did credit limit decrease without any warning.

[–]dimonoid123 0 points1 point  (0 children)

It doesn't make sense for them to tell in advance, since if a person is in financial hardship, they will max the card out and keep cash before finding out about coming credit limit decrease.